Quote from: avikz on August 13, 2018, 09:57:52 AM

Quote from: jseverson on August 13, 2018, 09:13:40 AM

-snip-

You are correct in the numbers but did you have the previous volumes as well. I don't see any link in coinmarketcap website that can provide us with the previous volumes of any particular exchange. So I believe the numbers were much lesser than the current level.

We could take the article's word for it:

Quote

Koinim, Turkeys largest exchange, has reported a 63% increase in Bitcoin trading volume, while the BTCTurk and Paribu exchanges have said their volumes are up 35% and 100% respectively, according to CoinMarketCap data.

If we do the math, we end up with:

Koinim: $144,577.3
BtcTurk: $1,679,437.03
Paribu: $3,343,241.5

They're not going to be precise numbers, but they should be close to the article's reference point. Either way, the volume is low to begin with so small percentage spikes is still somewhat insignificant in the grand scheme of things. I wanted to point out that the article made it sound more significant than it actually is by not citing the actual numbers.

Quote from: avikz on August 13, 2018, 09:57:52 AM

Obviously it is not a mass exodus, but it is good that people are entrusting bitcoin and other cryptos to safeguard their wealth. P2p exchanges will not come into picture here because people are not buying their own fiat currency. Instead they are hedging against the risk by replying on crypto VS Dollar value. If they succeed at the first attempt, the trust quotient is bound to increase. Only time will tell the effectiveness of such hedging.

I agree. It's not very significant, but I like how crypto trading volume spikes can be correlated to domestic unrest because it can imply that people trust crypto more than their governments.